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Monday, 25 February 2008

Mataf

EUR/USD - Euro Dollar
1,4824. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,4790. The uptrend should continue to gather momentum. The target is expected at 1,4930 (100 pips).
Resistances
1,4830 - 1,4860
Supports
1,4790 - 1,4750

GBP/USD - British Pound Dollar
1,9661. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,9700. The consolidation should continue.
Resistances
1,9670 - 1,9700
Supports
1,9620 - 1,9550

GBP/JPY - British Pound Yen
211,81. GBP JPY broke 211,50 resistance. GBP JPY is in a consolidation after the last bullish movement. GBP JPY is in a range between 210,00 and 212,00. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 210,00 / 212,00 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
212,00 - 212,50
Supports
211,50 - 210,50

USD/CAD - US Dollar Canadian Dollar
1,0044. USD CAD broke 1,0085 support. USD CAD is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue on 1,0000 (45 pips) support.
Resistances
1,0080 - 1,0130
Supports
1,0030 - 1,0000

USD/CHF - Dollar Swiss Franc
1,0889. USD CHF is in a range between 1,0835 and 1,0920. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,0920 - 1,0970
Supports
1,0870 - 1,0835